Douyu: Chen Shaojie, CEO of the company, has been arrested by Chengdu police.

Thanks to the CTOnews.com netizen Mr. Air, Lao Cui next door for the delivery of the clue! On November 21, CTOnews.com, Douyu announced that Mr. Chen Shaojie, CEO of the company, was arrested by Chengdu police around November 16, 2023. The company has not received any formal notification of the reasons for the investigation of Mr. Chen or the apparent arrest of Mr. Chen.

Douyu said that Mr. Chen's continued detention and any subsequent legal proceedings and enforcement actions against interested parties could have a significant adverse impact on the company's reputation, business and operating results.

Douyu's pre-market decline widened to 10 per cent.

CTOnews.com noted that as a listed company CEO, Chen Shaojie last appeared in public when he attended the company's second-quarter earnings analysis conference call in August. According to public data, Chen Shaojie was born in Jinan in 1984. In 2010, he bought the domestic "two-dimensional website ancestor" A station, and set up the A station's "Health and delivery" channel. Four years later, he independent the channel from Station An and renamed it "Douyu TV".